The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION #2021-3
Resolution to approve submission of Catalyst Grant, Derelict Building Grant, and other grants to assist with the costs to renovate City owned property located at 103 West First Street.
WHEREAS, the City of Monticello obtained ownership of the building located at 103 W. 1st Street due to its dilapidated and failing condition, and
WHEREAS, the City Council has, since taking ownership, investigated the overall building condition, obtaining a Phase 1 Environmental Inspection and Asbestos Inspection with the Costs reimbursed to the City by the Iowa DNR Brownfields program, and has also paid for a commercial building inspection, a structural inspection, and a demolition cost estimate, and
WHEREAS, the demolition cost estimate received by the City estimates demolition costs, with 25% contingency, engineering and construction administration, and special inspections and testing, to total $535,000, and
WHEREAS, the Council has been made aware of various grants including but not limited to the Catalyst Grant available through Iowa Economic Development and the Derelict Building Grant available through the Iowa DNR, and
WHEREAS, the Council finds that renovating the building as opposed to demolition of the building would be beneficial in that it would not create two large holes in the downtown landscape and with successful grant applications may be a lesser cost alternative and would, by keeping the renovated building standing, keep property on the tax rolls, and
WHEREAS, the Council finds that the submission of the Community Catalyst Grant and Iowa DNR Derelict Building Grant should be approved and that the City Council should commit a $50,000 cost share towards the project, a cost share being a requirement of the Community Catalyst Grant.
NOW, THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby authorize the preparation and submission of the Community Catalyst Grant and Iowa DNR Derelict Building Grant, committing a $50,000 cost share towards the project, and authorizes the Mayor to execute said grant applications on behalf of the City Council and to execute letters of support for the project.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal of the City of Monticello, Iowa to be affixed hereto. Done this 4th day of January, 2021.
Brian Wolken, Mayor
Attest:
Sally Hinrichsen, Monticello City Clerk